LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 18, 2011 TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB925 by Bonnen (Relating to credit in the Texas Municipal Retirement System for certain service as a reserve police officer.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Government Code to allow volunteer reserve police officers to receive retirement credit for their service. Any city participating in the Texas Municipal Retirement System (TMRS) would be authorized to adopt an ordinance that would allow volunteer reserve police officers to receive up to 60 months credit for the time served in that capacity. To receive the credit, a person must be a full-time police officer of a city participating in TMRS. The bill would prohibit a person from receiving more than 60 months combined military and reserve service credit. Certification by the Texas Commission on Law Enforcement Standards and Education as having met the qualifications of a reserve police officer would be considered evidence of a members reserve service. Since TMRS does not receive state appropriated funds, no impact on state funds is anticipated. Local Government Impact According to TMRS, the funding requirements and cost impact of adopting the credit would be the responsibility of cities participating in TMRS. There would be cost associated with reprogramming both internal computer systems and actuarial systems used by the outside actuary; however, the costs would not be significant based on fiscal impact criteria. Source Agencies: LBB Staff: JOB, AG, TP, DH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 18, 2011
TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB925 by Bonnen (Relating to credit in the Texas Municipal Retirement System for certain service as a reserve police officer.), As Introduced
TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB925 by Bonnen (Relating to credit in the Texas Municipal Retirement System for certain service as a reserve police officer.), As Introduced
Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB925 by Bonnen (Relating to credit in the Texas Municipal Retirement System for certain service as a reserve police officer.), As Introduced
HB925 by Bonnen (Relating to credit in the Texas Municipal Retirement System for certain service as a reserve police officer.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Government Code to allow volunteer reserve police officers to receive retirement credit for their service. Any city participating in the Texas Municipal Retirement System (TMRS) would be authorized to adopt an ordinance that would allow volunteer reserve police officers to receive up to 60 months credit for the time served in that capacity. To receive the credit, a person must be a full-time police officer of a city participating in TMRS. The bill would prohibit a person from receiving more than 60 months combined military and reserve service credit. Certification by the Texas Commission on Law Enforcement Standards and Education as having met the qualifications of a reserve police officer would be considered evidence of a members reserve service. Since TMRS does not receive state appropriated funds, no impact on state funds is anticipated.
Local Government Impact
According to TMRS, the funding requirements and cost impact of adopting the credit would be the responsibility of cities participating in TMRS. There would be cost associated with reprogramming both internal computer systems and actuarial systems used by the outside actuary; however, the costs would not be significant based on fiscal impact criteria.
Source Agencies:
LBB Staff: JOB, AG, TP, DH
JOB, AG, TP, DH